Right now find big savings on refurbished iMacs at Apple's online store. The refurbished 27-inch iMac with a 3.2GHz Intel quad-core i5 processor, 8GB of RAM and a 1TB hard drive has been reduced by $300 to $1,699. At the bottom of the price scale is the 21.5-inch iMac with a 2.7GHz Intel quad-core i5 processor, 8GB of RAM and a 1TB hard drive, it was $1,299, but is now only $1,099.